GITNUX REPORT 2024

Gender Disparities Revealed: Male Vs Female Business Statistics Report

Exploring Gender Disparities: Male Vs Female Business Stats Revealed in Latest Industry Report

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

72% of female business owners say lack of capital/cash flow is their top challenge

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61% of male business owners say lack of capital/cash flow is their top challenge

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43% of women business owners are between 45-65 years old

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51% of male business owners are between 45-65 years old

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Women of color account for 50% of all women-owned businesses

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51% of women business owners are first-generation business owners

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48% of male business owners are first-generation business owners

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35% of women business owners are in the baby boomer generation

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41% of male business owners are in the baby boomer generation

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Women-owned businesses have an average age of 10.3 years

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Male-owned businesses have an average age of 12.5 years

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41% of women business owners have a bachelor's degree

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39% of male business owners have a bachelor's degree

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27% of women business owners have a postgraduate degree

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25% of male business owners have a postgraduate degree

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Women-owned businesses employ 9.4 million workers in the US

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Male-owned businesses employ 41% more people on average than female-owned businesses

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Women-owned businesses employ an average of 8.5 employees

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Male-owned businesses employ an average of 12 employees

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Women start 1,821 new businesses every day in the US

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Men start 3,488 new businesses every day in the US

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Women-owned businesses have an average credit score of 598

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Male-owned businesses have an average credit score of 618

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Women-owned businesses have an average profit margin of 8.9%

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Male-owned businesses have an average profit margin of 10.2%

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42% of women business owners say their business is currently profitable

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55% of male business owners say their business is currently profitable

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Women-owned businesses have an average cash buffer of 18 days

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Male-owned businesses have an average cash buffer of 23 days

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62% of women business owners use their business as their primary source of income

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71% of male business owners use their business as their primary source of income

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Women-owned businesses receive only 4.4% of the total dollar value of all small business loans

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Male entrepreneurs are 86% more likely to be VC funded than female entrepreneurs

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Women-owned businesses receive an average loan size of $57,097

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Male-owned businesses receive an average loan size of $103,604

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Women-owned businesses grew 21% from 2014 to 2019

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Male-owned businesses grew 9% from 2014 to 2019

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Women-owned businesses have grown 58% since 2007

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Male-owned businesses have grown 12% since 2007

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22% of women business owners plan to hire additional employees in the next year

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28% of male business owners plan to hire additional employees in the next year

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13% of women-owned businesses are in the healthcare and social assistance industry

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12% of male-owned businesses are in the construction industry

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17% of women-owned businesses are in the professional/scientific/technical services sector

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16% of male-owned businesses are in the professional/scientific/technical services sector

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29% of women business owners started their business out of necessity

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25% of male business owners started their business out of necessity

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30% of women business owners started their business to pursue their passion

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26% of male business owners started their business to pursue their passion

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Women own 31% of small businesses or franchises in the US

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Men are 75% more likely to own an incorporated business than women

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40% of US businesses are women-owned

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64% of women business owners are the sole owners of their business

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69% of male business owners are the sole owners of their business

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Women-owned businesses account for 39% of all U.S. firms

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Male-owned businesses account for 54% of all U.S. firms

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Women-owned businesses generate $1.8 trillion in revenue annually

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Male-owned businesses generate 3.5 times more revenue on average than female-owned businesses

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Women-owned businesses have an average annual revenue of $142,900

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Male-owned businesses have an average annual revenue of $726,000

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Women-owned businesses generate 4.3% of total business revenue in the US

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Male-owned businesses generate 90.3% of total business revenue in the US

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23% of women business owners work 60 or more hours per week

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33% of male business owners work 60 or more hours per week

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Summary

  • Women own 31% of small businesses or franchises in the US
  • Men are 75% more likely to own an incorporated business than women
  • Women-owned businesses employ 9.4 million workers in the US
  • Male-owned businesses employ 41% more people on average than female-owned businesses
  • Women-owned businesses generate $1.8 trillion in revenue annually
  • Male-owned businesses generate 3.5 times more revenue on average than female-owned businesses
  • 43% of women business owners are between 45-65 years old
  • 51% of male business owners are between 45-65 years old
  • 40% of US businesses are women-owned
  • Women start 1,821 new businesses every day in the US
  • Men start 3,488 new businesses every day in the US
  • Women-owned businesses grew 21% from 2014 to 2019
  • Male-owned businesses grew 9% from 2014 to 2019
  • 62% of women business owners use their business as their primary source of income
  • 71% of male business owners use their business as their primary source of income

Move over boys, the ladies are taking charge – at least 31% of the time! Dive into the fascinating world of male versus female business statistics and discover whos holding the cards in the business realm. With men coming in strong by owning 75% more incorporated businesses and raking in 41% more employees, but dont count the women out just yet. From employing 9.4 million workers to generating $1.8 trillion in revenue annually, its clear that women-owned businesses are a force to be reckoned with. So, grab your popcorn and let the battle of the sexes in the business world commence!

Challenges

  • 72% of female business owners say lack of capital/cash flow is their top challenge
  • 61% of male business owners say lack of capital/cash flow is their top challenge

Interpretation

In the battle of the sexes in the business world, it seems that both men and women are united by their common struggle against a formidable foe: the elusive nature of capital and cash flow. While the statistics may suggest a slight gender disparity with 72% of women and 61% of men citing this as their top challenge, perhaps the real competition here lies in finding creative solutions and navigating the financial landscape with wit and resilience, regardless of gender. After all, in the high-stakes game of entrepreneurship, cash may be king, but it's the savvy players who ultimately hold the winning hand.

Demographics

  • 43% of women business owners are between 45-65 years old
  • 51% of male business owners are between 45-65 years old
  • Women of color account for 50% of all women-owned businesses
  • 51% of women business owners are first-generation business owners
  • 48% of male business owners are first-generation business owners
  • 35% of women business owners are in the baby boomer generation
  • 41% of male business owners are in the baby boomer generation
  • Women-owned businesses have an average age of 10.3 years
  • Male-owned businesses have an average age of 12.5 years

Interpretation

In the grand arena of entrepreneurship, the battle of the sexes rages on with data as the weapon of choice. In this high-stakes game, women are proving to be formidable contenders, with women of color holding their own at 50% of the battlefield. Yet, the seasoned veterans of the baby boomer generation seem to favor the male side, as they march confidently into battle. Despite the age gap and generational differences, both sides display resilience and determination, as evidenced by the thriving businesses they have built. As the numbers tell their tale, it becomes clear that in the business battlefield, gender is just one factor in a complex landscape where skill, strategy, and perseverance reign supreme.

Education

  • 41% of women business owners have a bachelor's degree
  • 39% of male business owners have a bachelor's degree
  • 27% of women business owners have a postgraduate degree
  • 25% of male business owners have a postgraduate degree

Interpretation

In the high-stakes world of business, the battle of the sexes takes an intriguing turn when it comes to educational prowess. While women entrepreneurs appear to hold a slight degree advantage at the bachelor's level, it seems that the men are not to be outdone, showcasing a comparable level of academic achievement. However, in the arena of postgraduate degrees, the ladies take the lead, displaying an impressive dedication to advanced learning. In this modern business battleground, it seems that brainpower knows no gender boundaries, yet the women are putting up quite the fight with their extra dose of academic ambition.

Employment

  • Women-owned businesses employ 9.4 million workers in the US
  • Male-owned businesses employ 41% more people on average than female-owned businesses
  • Women-owned businesses employ an average of 8.5 employees
  • Male-owned businesses employ an average of 12 employees

Interpretation

In the competitive world of business, the battle of the sexes rages on as statistics reveal a clear divide in employment numbers between male and female-owned businesses. While women may employ fewer workers compared to their male counterparts, their impact should not be underestimated, as they provide jobs for 9.4 million workers in the United States. It seems that in this corporate arena, size does matter, with male-owned businesses boasting a larger average workforce. Nonetheless, the quality and success of a business should not solely be measured by headcount, but by the meaningful opportunities and contributions it provides to both its employees and the economy at large.

Entrepreneurship

  • Women start 1,821 new businesses every day in the US
  • Men start 3,488 new businesses every day in the US

Interpretation

While it may seem like men are leading the charge in the entrepreneurial world, let's not forget that women are steadily carving out their own path in the business arena. So while men may be firing on all cylinders in the numbers game, it's the women who are quietly but confidently building an empire, one innovative idea at a time. Quantity may be important, but let's not underestimate the power and impact of quality in the business world. After all, it's not about who starts more businesses, but about who leaves a lasting legacy.

Financial

  • Women-owned businesses have an average credit score of 598
  • Male-owned businesses have an average credit score of 618
  • Women-owned businesses have an average profit margin of 8.9%
  • Male-owned businesses have an average profit margin of 10.2%
  • 42% of women business owners say their business is currently profitable
  • 55% of male business owners say their business is currently profitable
  • Women-owned businesses have an average cash buffer of 18 days
  • Male-owned businesses have an average cash buffer of 23 days

Interpretation

In the world of business, it seems like women are fighting an uphill battle, armed with lower credit scores, narrower profit margins, and shorter cash buffers compared to their male counterparts. Despite these challenges, women remain resilient, with a significant percentage running profitable ventures. Perhaps it's time to not just level the playing field but to recognize and support the undeniable potential and determination of female entrepreneurs. After all, who said diamonds are a girl's best friend? Maybe it's time for the business world to be theirs too.

Financial Dependence

  • 62% of women business owners use their business as their primary source of income
  • 71% of male business owners use their business as their primary source of income

Interpretation

In the battle of the sexes in the business world, it seems the men are currently winning the "who's all in" game, with 71% of male business owners going all in with their ventures compared to 62% of their female counterparts. But hey, who says it's a sprint and not a marathon? Women might be taking their time to build their businesses steadily and surely, while men are sprinting ahead—let's just hope they don't burn out too soon. Women may be playing the long game, and we all know slow and steady wins the race in the end.

Funding

  • Women-owned businesses receive only 4.4% of the total dollar value of all small business loans
  • Male entrepreneurs are 86% more likely to be VC funded than female entrepreneurs
  • Women-owned businesses receive an average loan size of $57,097
  • Male-owned businesses receive an average loan size of $103,604

Interpretation

These statistics may suggest a sobering reality in the business world: while men seem to effortlessly secure larger loans and more funding, women are left navigating a financial landscape with significantly fewer resources at their disposal. It seems that the business world still operates under a "pink tax," where female entrepreneurs are forced to make do with smaller slices of the funding pie. One can only wonder how much brighter the future of business could shine if we collectively saw more women breaking through the glass ceiling with a level playing field and equal access to capital.

Growth

  • Women-owned businesses grew 21% from 2014 to 2019
  • Male-owned businesses grew 9% from 2014 to 2019
  • Women-owned businesses have grown 58% since 2007
  • Male-owned businesses have grown 12% since 2007
  • 22% of women business owners plan to hire additional employees in the next year
  • 28% of male business owners plan to hire additional employees in the next year

Interpretation

In the exhilarating world of business, it seems that the ladies are giving the gentlemen a run for their money! While male-owned businesses have been steadily stretching their roots at a respectable pace, it’s the ladies who are truly flourishing, demonstrating a remarkable growth trajectory that is nothing short of impressive. With a strategic eye for expansion, it appears that the women are not only catching up but also boldly stepping ahead in the entrepreneurial race. It seems like the world of business might just be on the brink of a pink revolution!

Industry

  • 13% of women-owned businesses are in the healthcare and social assistance industry
  • 12% of male-owned businesses are in the construction industry
  • 17% of women-owned businesses are in the professional/scientific/technical services sector
  • 16% of male-owned businesses are in the professional/scientific/technical services sector

Interpretation

In the great battle of the sexes in business, it appears that women are dominating the healthcare and social assistance battlefield, showcasing their nurturing and compassionate side. Meanwhile, men are wielding their tools in the construction industry, proving that they aren't afraid to get their hands dirty. However, both genders are engaged in a fierce duel in the professional/scientific/technical services arena, demonstrating their intelligence and expertise. It seems that in the game of entrepreneurship, it's not about who wears the pants, but rather who knows how to succeed in their chosen field.

Motivation

  • 29% of women business owners started their business out of necessity
  • 25% of male business owners started their business out of necessity
  • 30% of women business owners started their business to pursue their passion
  • 26% of male business owners started their business to pursue their passion

Interpretation

In a battle of necessity versus passion in the business world, it appears that women are slightly more likely to don their entrepreneurial capes out of sheer survival instincts, while men are a tad more driven by the siren call of their dreams. Perhaps this means that women are the tactical strategists, forging ahead in the face of adversity, while men are the dreamers, charting new territories guided by their vision. But let's not forget, in the grand scheme of things, every successful business is a unique blend of necessity and passion, regardless of the entrepreneur's gender. So, here's to all the trailblazers out there, whether driven by survival instincts or fueled by fiery dreams – may your businesses thrive in this dynamic dance between need and desire.

Ownership

  • Women own 31% of small businesses or franchises in the US
  • Men are 75% more likely to own an incorporated business than women
  • 40% of US businesses are women-owned
  • 64% of women business owners are the sole owners of their business
  • 69% of male business owners are the sole owners of their business
  • Women-owned businesses account for 39% of all U.S. firms
  • Male-owned businesses account for 54% of all U.S. firms

Interpretation

These statistics paint a vivid picture of the business landscape: women are kicking butt and taking names, despite the odds stacked against them. While men may have a numerical advantage, women entrepreneurs are proving that quality trumps quantity. With a healthy dose of determination, resourcefulness, and a sprinkle of glitter, it's clear that the future of business is not just male, but female-powered as well. Watch out, boys, the ladies are coming for your boardrooms and they mean business!

Revenue

  • Women-owned businesses generate $1.8 trillion in revenue annually
  • Male-owned businesses generate 3.5 times more revenue on average than female-owned businesses
  • Women-owned businesses have an average annual revenue of $142,900
  • Male-owned businesses have an average annual revenue of $726,000
  • Women-owned businesses generate 4.3% of total business revenue in the US
  • Male-owned businesses generate 90.3% of total business revenue in the US

Interpretation

In the world of business, the statistics paint a stark picture of the gender gap at play. While women-owned businesses shine bright with their creativity and resourcefulness, it's evident that the financial scales are tipped heavily in favor of their male counterparts. Women are clearly underrepresented in the revenue stakes, with their businesses bringing in just a fraction of what male-owned businesses rake in. This calls for a serious reflection on the inequalities that persist in the business world, where female entrepreneurs are champions in resilience but still face immense challenges in breaking the revenue glass ceiling. It's high time for these imbalances to be addressed and for opportunities to be leveled up, paving the way for a more equitable and prosperous future for all entrepreneurs, regardless of gender.

Work-Life Balance

  • 23% of women business owners work 60 or more hours per week
  • 33% of male business owners work 60 or more hours per week

References